Silicon Valley is buzzing again with 42,000 jobs added last year according to Joint Venture Silicon Valley, and with the average engineering salary topping $100,000, according to Forbes.
One semi CEO told me $100,000 is what they pay to graduate entrants and that his company’s average engineering pay was above $140,000, with engineers earning up to $200,000 base salary.
Valley-based recruitment web-site www.indeed.com offers 12,000 software engineering jobs of which 3,000 carry salaries of over $100k.
CEOs are said to be spotting renewed demand in Q1 which is giving them the confidence to invest in new people and capacity.
One important metric of the Valley’s health – the housing market – is said to be going through the roof.
Another metric, the annual ‘counter-culture’ festival Burning Man has become so popular that it has exceeded its licence to sell 50,000 tickets and is ‘under probation’ for this year’s September event. It has asked to be allowed to sell 70,000 tickets this year.
‘Counter’ cultural seems a misnomer for an event attended by the Valley’s elite. One past attendee, Google’s chairman, earned $100 million last year.
California wackiness lives – Silicon Valley entrepreneur Ken Raasch is offering his Los Gatos house to anyone who’ll give him $29 million worth of pre-IPO Facebook shares.